Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8dbd84c7-2d04-4c05-84a5-30e2b619c35b&Preview=1
Date 5/11/2012
Company Name Axonia Medical
Mailing Address 4321 Roxbury Lane Kalamazoo, MI 49008
Company Description The concept of Axonia’s technology, which is spun out of the University of Pennsylvania, hinges on the production of axons, the long thin parts of nerve cells that carry signals to distant target cells. Unlike other regenerative treatments in development, Axonia’s method doesn’t involve stem cells.
Proceeds Purposes Axonia Medical will use the seed funding to accelerate development of its lead product for peripheral nerve injury following traumatic injury and tumor resection, areas of significant unmet medical need due to the ineffectiveness and limited utility of current standards of care.
M&A Terms
Venture Investor Southwestern Michigan First Life Science Venture Fund
Venture Investor Ann Arbor SPARK
Venture Investor Western Michigan University Research Foundation
Venture Investor Biosciences Research and Commercialization Center